$USDC

E-commerce platform Shopify has added payments in the stablecoin USDC as part of a partnership with the Coinbase exchange and financial services provider Stripe. The innovation is currently available to a limited number of merchants, but its coverage will be expanded later.

According to a statement by Shopify CEO Tobias Litke, the feature was launched in early access mode on June 12, 2025. As Stripe noted, it will become available to all sellers on the platform in 34 countries within a few weeks.

Their buyers will be able to pay for goods and services in stablecoins through Shopify Payments and Shop Pay, using the Base network. At the same time, sellers will receive fiat or USDC, as they choose.

Shopify emphasized that all mutual settlements will take place without additional transfers or fees. Additionally, the platform plans to add cashback on USDC payments later in 2025:

“This collaboration will also allow us to offer incentives like 1% cashback to buyers in the future. And it’s all transparent to merchants, they’ll just get paid in their local currency as usual (unless you choose to keep it in USDC!). Stripe helped us make it completely seamless,” Litke said.

The new service is based on the Commerce Payments Protocol, a joint venture between Shopify and Coinbase, and the Stripe Connect suite of products.

“We created a smart contract that simulates a complex state machine that takes money from an escrow account and then transfers it to the merchant if the transaction finally goes through,” Litke explained.

Previously, Shopify customers could pay for purchases on the platform in USDC via the Solana Pay service. The platform added support for it back in August 2023.

The new protocol will allow for seamless payments. By the end of 2025, the innovation will be available to all sellers on the platform, Litke emphasized.